Updates

Weir - Eps have risen 278% in five years

May 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Better than expected results from Weir, the maker of equipment and spare parts for the oil & gas and mining sectors, lifted the shares to a new high of 2470p, before retracting. Those results, which showed both pretax profit and earnings increasing 12% to Â£443m and 150p respectively, further improve a fabulous record in which earnings have increased 278% in the past five years!Weir minerals, which provides slurry handling equipment such as pumps, valves and hydro cyclones (liquid separators) for working mines, led the way with a 21% rise in operating profit to Â£256m on sales which rose 12% to Â£1.33bn. The key driver was demand growth in China and emerging markets for key commodities such as copper, while a fall in industry ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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